• Petroleum marketers, tanker drivers suspend strike in Anambra

    Petroleum marketers, tanker drivers suspend strike in Anambra

    Economic activities came back to life in Anambra State on Saturday following the suspension of the strike by petroleum marketers and the Petroleum Tanker Drivers Association in the state.

    The Chairman of the Petroleum Dealers Association in Anambra, Osita Ofodile, told newsmen in Onitsha on Saturday that the suspension followed a meeting which resolved the dispute.

    The drivers’ group started the strike on September 26 and was joined by the dealers on September 29, resulting to the hike in fuel price in […]

  • “Kerosene Should Be Sold For N150 Per Litre” – NNPC Tells Marketers

    “Kerosene Should Be Sold For N150 Per Litre” – NNPC Tells Marketers

    The Nigerian National Petroleum Corporation (NNPC) has urged all marketers of petroleum products not to sell kerosene beyond N150 per litre.

    The Group Managing Director of the NNPC, Dr. Maikanti Baru made remark during a courtesy visit to the Governor of Ogun State, Senator Ibikunle Amosun in Abeokuta this week.

    The Group General Manager, Group Public Affairs Division, Garba Deen Muhammad revealed this in a statement on Friday quoted him as saying, “I am calling on other marketers to emulate NNPC by […]

  • Lagos issues new directive to petroleum marketers over underground pollution

    Lagos issues new directive to petroleum marketers over underground pollution

    Concerned by the discovery of pollutants in the underground sources of water within the metropolis, the Lagos State government has mandated the Independent Petroleum Marketers Association (IPMAN) to always monitor wells in their facilities.

    The directive was issued to the body, after a meeting with the general manager of the State’s Environmental Protection Agency (LASEPA) Adebola Shabi, and senior officials of the agency at its premises.

    Shabi, an engineer, said that investigation on the quality of underground water from all the 20 […]

  • Another Fuel Scarcity Looming As Marketers Threaten To Halt Fuel Imports

    Another Fuel Scarcity Looming As Marketers Threaten To Halt Fuel Imports

    With the country just coming out of one fuel crisis, there’s no eagerness to get into another, but that might just be the case if the oil marketers are to be believed.

    The marketers, under the umbrella of the Depot and Petroleum Products Marketers Association of Nigeria (DPPMAN) have said except the CBN provides foreign exchange to import fuel, the recent subsidy payment they received from the government will remain in their naira accounts.

    They made this clear on Friday, May 20, […]

  • Why FG may increase petrol price soon – Marketers

    Why FG may increase petrol price soon – Marketers

    The Federal Government may soon effect an upward review in the pump prices of Premium Motor Spirit, popularly known as petrol, oil marketers have said, attributing this to the recent increase in the cost of crude oil at the international market.

    Crude oil price had fallen below $30 per barrel earlier this year, but as of May 2, 2016, the commodity’s cost rose to $45.83, according to data obtained from the Nigerian National Petroleum Corporation on Saturday in Abuja.

    The oil marketers […]

  • Why we sell petrol above official price – Marketers explain

    Why we sell petrol above official price – Marketers explain

    Though the supply of petroleum products across the country has greatly improved after weeks of scarcity encountered by Nigerians, but most filling stations are still selling above the official price of N86.50 per litre.

    Investigations revealed that majority of the independent marketers and some major marketers nationwide were selling at N120 and N150 per litre.

    Some of the marketers attributed the difference in prices to their inability to source the product directly from the Nigerian National Petroleum Corporation, NNPC.

    The Chairman of the […]

  • Marketers divert 140 trucks of fuel meant for Lagos filling stations to Cotonou

    Marketers divert 140 trucks of fuel meant for Lagos filling stations to Cotonou

    Over 140 truck-load amounting to about 4.62 million litres of Premium Motor Spirit (PMS) also known as petrol meant for Lagos did not get to filling stations for which they were meant, according to reports.

    Investigation showed that marketers have, in the last 10 days, diverted the volume, which was scheduled to be off-loaded majorly in filling station in Lagos and environs into havens including border towns between Nigeria and Republic of Benin.

    This has continued to subject government’s efforts to end […]

  • Akure residents accuse major marketers, NNPC of supplying fuel to black marketers

    Akure residents accuse major marketers, NNPC of supplying fuel to black marketers

    Some independent marketers now sell fuel in Akure, the Ondo State capital and its environs at N180 per litre.

    The drivers, commuters and those who purchase fuel for domestic use, blamed the scarcity and increase in petrol price on the excesses of some major marketers in the state, who diverted the product from the depot to private marketers that resell at exorbitant price.

    An Akure resident, Mr. Olumide Aliu, allegedly narrated how Mania Filling Station in the State capital always gets fuel […]

  • We can name Saboteurs frustrating our efforts to end fuel crisis – Petrol Marketers to Minister

    We can name Saboteurs frustrating our efforts to end fuel crisis – Petrol Marketers to Minister

    Reports reaching ADELOVE stated that Association of Mega Filling Station Owners of Nigeria (AMFSON) has told Ibe Kachikwu, Minister of State for Petroleum, that they are willing to mention names of those Nigerians sabotaging his efforts to end fuel crisis in the country.

    Addressing a press conference over the difficulty faced by members of the association to access fuel after several months of depositing millions of naira for supply, Kenneth Nwachukwu, national Secretary of AMFSON, said heads will roll if the […]

  • Fuel crisis persists despite FG, marketers’ assurances

    Fuel crisis persists despite FG, marketers’ assurances

    It was reported that despite the assurances by stakeholders in the petroleum sector on the resolution of the crisis in the sector, fuel scarcity has persisted in Abuja with widespread sharp practices recorded across almost all the petrol stations.

    Of note is the Nigerian National Petroleum Corporation, NNPC, mega stations along the Kubwa Expressway, where some officials of the outlet connived with some policemen and security agents to frustrate motorists and heighten the suffering of Nigerians.

    When newsmen visited the petrol station, […]

  • Buhari meets oil marketers over fuel scarcity

    Buhari meets oil marketers over fuel scarcity

    It was gathered that Nigeria’s president-elect, Muhammadu Buhari may have been holding discrete talks with petrol importers on how to resolve the lingering scarcity confronting the nation.

    News of the meeting was broken today by Tokunbo Korodo, the south west chairman of the National Union of Petroleum and Natural Gas Workers (NUPENG).

    He said he had the information that the Depot and Petroleum Products Marketing Association (DAPPMA) is meeting with the President-elect on the subsidy issue.

    “I think the outcome of that meeting […]